How honest do politicians really want to be about Social Security?
Politicians say we need to be honest about Social Security and admit that we will have to cut benefits for those who don’t need them, increase the retirement age and increase taxes.
If they really want to be honest about Social Security, how about admitting that it is the Greatest Ponzi Scheme in the history of mankind and was from the beginning. Bernie Madoff’s con was child’s play by comparison. His suckers voluntarily turned over their money to Bernie while Social Security’s victims are forced to participate.
Like Madoff on steroids, the Social Security system collects enormous amounts of money, pays out abnormally high returns to early participants, and wastes the rest on whatever they want to spend it on. Social Security’s supposed trust fund of over $2 trillion has been stolen by the politicians to pay for their pork barrel vote buying schemes and to pay interest on the national debt. It was never invested. All that is left is IOUs from Uncle Sam who has promised to find the money somewhere sometime in the future. I guess that's what printing presses are for, which means, of course, that the money paid out in the future will be worthless.
R. Allen Stanford was just sentenced to 110 years in federal prison for masterminding (cache)a $7 billion Ponzi scheme and Bernie went to prison for a miserly $50 billion Ponzi ; why do the masterminds who created, perpetuated, and looted a Ponzi 500 times larger than Bernie's go to their vacation homes in the Caribbean instead of San Quentin?
Yes, let’s be honest about Social Security.
See Social Security Greatest Ponzi Scheme Ever